Wednesday, September 3, 2014

5 Big Appraisal Review Questions
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Indictments Handed Down in Massive FHA Fraud Case preview | full story
The owner of a mortgage company -- along with loan originators, other employees and real estate developers -- has been indicted in a huge case involving government-insured mortgages.
http://www.mortgagedaily.com/stories/FhaFraud090214.asp


www.pointserv.com

Another Solid Month at Fannie Mae preview full story
New business rose to the highest level in eight months at the Federal National Mortgage Association, while serious delinquency fell to its lowest level in nearly six years.
www.mortgagedaily.com/stories/FannieProduction090214.asp


www.LoanKinection.com

Changes Sought to FHLB Membership Requirements preview | full story
The regulator of the Federal Home Loan Banks is proposing to make some changes to membership eligibility requirements.
www.mortgagedaily.com/stories/FhlbMembership090214.asp



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Freddie, Ginnie Drive Monthly MBS Agency Issuance Up preview | full story
Despite a decline in the monthly issuance of mortgage-backed securities at Fannie Mae, overall agency MBS issuance increased.
www.mortgagedaily.com/stories/AgencyIssuance090214.asp


NY AG Litigating Redlining preview | full story
New York's lawyer in chief has sued a bank in the state over alleged redlining and is warning that more such actions could follow.
www.mortgagedaily.com/stories/MctLawsuitNyRedlining090214.asp


COFI Climbs 2nd Consecutive Month preview | full story
For the second time since last year, the Cost of Funds Index has risen. It was also the second consecutive monthly increase.
www.mortgagedaily.com/stories/Cofi090214.asp


Low Short-Term Yields Behind Record Low MTA preview | full story
Yields on short-term Treasury bonds hung low last month -- low enough for the Monthly Treasury Average to establish, yet another, record.
www.mortgagedaily.com/stories/Mta090214.asp


Wells Fargo Mortgage Files Stolen preview | full story
More than a thousand customer files stolen from a dozen Wells Fargo Home Mortgage offices were used to rip off the identities of Wells Fargo clients.
www.mortgagedaily.com/stories/MctGuiltyWashington083114.asp


BofA Says GSEs Knew What They Were Buying preview | full story
Bank of America Corp. says the government sponsored enterprises knew what they were getting from Countrywide Financial Corp. and wants a jury verdict that left it with a huge penalty thrown out.
www.mortgagedaily.com/stories/MctLawsuitBofa083014.asp


BofA CEO Visits HEL Hub preview | full story
The chief executive officer of Bank of America Corp. recently stopped in to pay a visit to a fast-growing office that handles home-equity lending.
www.mortgagedaily.com/stories/MctMoynihanInterview090114.asp


Read the full text of these articles and many more at: www.MortgageDaily.com




     

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